What do you have left over

blessed81 · March 2015

How much money do you have left over after each paycheck once bills have been paid for gas, groceries, and necessities? In the event that you fall short before the nex payday, where do you get the money from?

blessed81 · March 2015

we always have this problem bc like i said in a previous post, I tend to over save and live on the edge. therefore I find myself pullling money from savings and also a little extra for my starbucks addiction. lol

Xstatic3333 · March 2015

Usually about $20. I do a zero-based budget. Sometimes I borrow a little from my floating savings account at the same bank if something unexpected comes up.

jessica490 · March 2015

Usually a couple hundred...if we fall short which usually isn't the case, we pull from savings

formerlyGDaisy09 · March 2015

we do zero based so once things move to savings at the end of the month we have maybe $5-10 left (the goal is $0). We've found ourselves needing to float some from savings to make our mortgage payment recently...based on that getting made the 17th and H getting paid on fridays...we'll float a few hundred dollars to make the mortgage payment and replace it when he gets paid the following friday.

noffgurl · March 2015

The way H and I have been doing it this year and it has really worked for us compared to other ways we have tried is: we each have our checks deposited into personal accounts and then each transfer over a certain amount of money each time we get paid. I pay only absolutely necessary minimum payments until the last day of the month. On that last day I will pay whatever minimum bills are due until the first payday of the next month, then split the remainder between our different savings/debts. It works out to be a little over $1,000 each month that I can split, if not a bit more.

lifeonthehill · March 2015

We go by H's pay day since it is bi-weekly. During the school year we have 1k left over after our budget for each check. March and June-August we have about $500 left each pay day since I lose my job those months.

als1982 · March 2015

I'm a little confused by your question... Money left over after bills and necessities is about $4,500 a month, but we do a zero based budget for every paycheck so that 'extra' is always allocated to go somewhere (right now it's put aside for vacation, bathroom reno, and student loan payoff). We do also keep an extra $150 buffer on each two week budget for 'misc.'

simplyelise · March 2015

We do zero based, so if we have any leftover, it's because we either decided to wait until next month (didn't buy pants in February, so the same $25 is sitting there for March) or we didn't use up all our grocery money. In that case, we either carry it over to the next month or put it towards debt.

If we were doing the 10 year repayment plan for H's student loans, we'd have about $2000 leftover and we'd probably put that towards retirement/savings.

hoffse · March 2015

als1982 said:
I'm a little confused by your question... Money left over after bills and necessities is about $4,500 a month, but we do a zero based budget for every paycheck so that 'extra' is always allocated to go somewhere (right now it's put aside for vacation, bathroom reno, and student loan payoff). We do also keep an extra $150 buffer on each two week budget for 'misc.'

This is us as well. After "necessities" we have about $4500/month too. But it's all allocated to something.

jtmh2012 · March 2015

We budget to zero on a monthly basis, although zero is really $1000 in the account, but that $1000 is really to account for bank/electronic screw ups (ie. something getting double debited, paychecks not showing up, etc). Anything above that amount is transferred to emergency savings. Once it goes out, it doesn't come back short of a true emergency or the yearly IRA contributions (I use our emergency savings account also as a storage location for our IRA contributions).

We put everything we can on our credit cards (paid in full at end of month) and any unexpected expenses just go on there as well.

Wulfgar · March 2015

I am the one that tends to have a lot of wiggle room in our budget. MW and I keep separate main accounts and I am the one that takes care of most of the living expenses now. Even with all of this, I currently have about $400 "extra" in my monthly budget that goes mainly towards my credit card, to warehouse club shopping, and entertaining friends. In about 6 weeks I will have a roof/ siding loan to pay back that I am going to try and earmark about $300 a month towards (payments will actually be around $211, but will want to pay off early).

aemmert360 · March 2015

I'm confused to. But I do think you need to quit transferig $ to savings when it was allocated to other things. I can understand why your dh is frustrated. If you agree to spend $200 on clothing and when he wants to buy something that $ isn't thete I would be pissed too. I k ow you can just transfer the $ back generally, but I also know at our bank we only get a certain number of transferres out of savings for free every quarter, after that it costs you to withdrawal your money.

What do you have left over

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